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MGF1010 - Week 4 (East Asian Management Systems (Support for long-term…
MGF1010 - Week 4
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Cultural Factors
-confucianism (high morals, ethical conduct, loyalty to others)
-emphasis on education
-social relationships are important
-value hierarchy and seniority
-savings driven
Economic Factors
-rising global economy
-embrace capitalistic pursuits even though is restricts political freedom
-state-controlled entities becoming privatised
-growing income gaps between countries
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Political Factors
-tension within East Asia due to shared complex history
-close relationships between political and business leaders
-growing political influence in other regions through business expansion
What is Asia?
Includes India, China, Taiwan, South Korea, Japan and Singapore